Tags: DirecTV | AT&T | merger | approval

DirecTV Shareholders Vote in Favor of $48.5 Billion Sale to AT&T

Thursday, 25 Sep 2014 10:46 AM

DirecTV shareholders approved the $48.5 billion sale of the company to AT&T Inc. today, with 77.8 percent voting in favor of the deal.

DirecTV announced the voting results at a shareholder meeting in New York, and Chief Executive Officer Mike White told investors there that he expects the deal to close in early April. The transaction, which was announced in May, is still under review by the U.S. Justice Department and the Federal Communications Commission.

The deal would combine the nation’s largest satellite-TV company with AT&T’s existing packages of wireless, phone and high-speed Internet service.

A group of state attorneys general recently decided to probe whether the takeover violates antitrust laws, adding to the work they were already doing with the Justice Department on a review of Comcast Corp.’s purchase of Time Warner Cable Inc.

© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
Companies
DirecTV shareholders approved the $48.5 billion sale of the company to AT T Inc. today, with 77.8 percent voting in favor of the deal.
DirecTV, AT&T, merger, approval
135
2014-46-25
Thursday, 25 Sep 2014 10:46 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved